News Formal

GE cuts some debt using proceeds from sale of biopharma business

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

General Electric Co said on Monday it used part of the US$20 billion in proceeds from the sale of its biopharma business to cut debt.

FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn ScottThe U.S. industrial conglomerate last week pulled its full-year forecast due to the uncertainties created by the coronavirus outbreak, but backed its first-quarter industrial free cash flow expectation of near-negative US$2 billion.

GE, which makes jet engines, power plants and other industrial equipment, last month sold its biopharma business to Danaher Corp to focus on its core aviation and power businesses.GE held cash, cash equivalents, and restricted cash of more than US$47 billion as of March 31. The company said that it was launching a strategic debt issuance to fund an immediate tender for GE bonds maturing through 2024, and has also refinanced a back-up credit facility that expires in 2021.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 6. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Dish cuts jobs, re-evaluates business in coronavirus falloutDish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S.
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Property investment sales 'muted' in Q1 at S$3.02b: Cushman & WakefieldPROPERTY investment sales remained 'muted' in the first quarter of 2020 at S$3.02 billion, down 37 per cent from the previous quarter, said Cushman & Wakefield on Monday. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »